XRP’s Meteoric Rise: $1,000 Turned $1,500 in 7 Days

The cryptocurrency market is full of surprises, and analysts cannot really write off tokens that don’t perform well. It just needs a global financial development to change course and deliver quick profits none would have imagined. A similar course played out last week, sending leading cryptocurrencies like Bitcoin, Ethereum, and XRP, among others, skyrocketing in the charts. The majority of the assets delivered double-digit gains, making the portfolio of investors swell.

Also Read: XRP Could Be A Gem In The Next Bull Run: 2 Reasons To Hold

XRP on the Rise: The Bull Gets Ready to Rally

Just a week ago, Ripple’s native token fell below the $1 mark, hitting a low of $0.99. Fears were rife that the altcoin could plunge further and fall to the $0.80 zone. While traders remained skeptical about its performance, a surprise element hit the cryptocurrency markets. President Donald Trump announced that the US will consider buying a “sizeable” amount of Bitcoin. He also revealed that the US will buy other cryptocurrencies, which led to altcoins soaring.

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